Daily Alert: Tuesday 18th October 2016

Mark NugentDaily Alert, Oct 2016


Forex Analysis for Tuesday 18th October 2016
Economic Calendar

On Monday NZ CPI q/q was above expectations (0.2% vs 0.0%).

Early this morning (Tuesday) saw RBA minutes from October 4th meeting stating the voting members judged holding rates at the meeting was consistent with inflation and growth targets. It was also noted that Q3 CPI figures would be available at the next meeting (1st November). RBA’s Governor Lowe commented that Australian interest rates are very low (1.50%) and he stated that there is a focus on employment and the stability of the financial system.

Kuwait’s acting oil minister said he expects producers to reach an agreement on a production cap at the forthcoming November meeting of OPEC.

Market Reaction

There is no drama on the equity markets. Oil continues to consolidate just above USD50/barrel. The USD softens and the NZD is supported well by the good CPI number. AUD hits a 17-month high.


Barclays says European stocks are a buy
Carney to ignore inflation as November rate cut forecast
Wikileaks says Ecuador cut internet access of Julian Assange


Today sees UK CPI y/y; US CPI m/m and NZ Global Dairy.

[mepr-hide if=”loggedin”]

VIP Club members please [mepr-login-link] to access your Daily Alert video.

For VIP Club members, this commentary is augmented with a short daily video where I discuss the trades I am in and the opportunities for tomorrow. If you would like a free one month trial to the VIP Club you can find out more HERE.


[mepr-show if=”loggedin”]

Here is your Daily Alert video. I start to discuss the trades at 6:10.

There is an archive of all VIP Club member’s content on the VIP Club page.